I just love that image, it encapsulates the banking sector perfectly. We have just handed them billions of pounds to save them going bust and now we find they are ripping off the borrowers big time in a downright open fraud. The following article gives you some insight to the fraudulent plunder of the public by the gangsters in suits in the city. Do we need these parasites?
By Zack Carter, Media Consortium blogger
A massive foreclosure fraud scandal is rocking the U.S. mortgage market. Wall Street banks and their lawyers are fabricating documents, forging signatures and lying to judges—all to exploit troubled borrowers with enormous, illegal fees, and in some cases, improperly foreclose on borrowers who haven’t missed any payments.
The fraud is so widespread that it could put some big banks out of business and even spark another financial collapse. Fortunately, things haven’t fallen apart just yet. With strong leadership from President Barack Obama and Congress, the government can help keep troubled borrowers in their homes and prevent another meltdown.
Read the full article HERE.